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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Loans $ 3,416,299 $ 3,153,609
Less: Allowance for credit losses (43,363) (39,813)
Net loans 3,372,936 3,113,796
Securities available-for-sale, at market (amortized cost $936,998 and $972,315, respectively) 799,841 822,812
Loans held for sale 5,389 3,355
Interest bearing deposits 144,896 78,948
Restricted equity securities 3,461 4,357
Federal funds sold 17,036 308
Total earning assets 4,343,559 4,023,576
Cash and due from banks 25,737 25,533
Bank premises and equipment, net 61,938 62,031
Accrued interest receivable 11,146 11,397
Deferred income tax asset 48,560 51,323
Bank owned life insurance 58,802 58,007
Other assets 45,540 48,978
Goodwill 4,805 4,805
Total assets 4,600,087 4,285,650
Liabilities and Shareholders’ Equity    
Noninterest-bearing 414,086 414,905
Interest bearing 987,231 1,070,628
Savings and money market accounts 1,415,586 1,640,312
Time 1,346,015 766,860
Total deposits 4,162,918 3,892,705
Accrued interest payable and other liabilities 42,482 32,493
Total liabilities 4,205,400 3,925,198
Shareholders’ equity:    
Common stock, $2.00 par value; authorized 50,000,000 shares, issued and outstanding 11,579,696 and 11,473,256 shares, respectively 23,159 22,946
Additional paid-in capital 129,526 122,296
Retained earnings 343,250 325,625
Noncontrolling interest in consolidated subsidiary 63 15
Accumulated other comprehensive losses, net of taxes of $35,846 and $39,073 respectively (101,311) (110,430)
Total shareholders’ equity 394,687 360,452
Total liabilities and shareholders’ equity $ 4,600,087 $ 4,285,650